Gitanjali Gems profits more than tripled in its fourth fiscal quarter boosted primarily by stronger sales during the period. Net profits grew 252 percent to INR 483.17 million ($11.14 million) during the three months ending March 31, 2008. Net sales rose 23 percent to INR 8.27 billion ($190.57 million,) and expenses increased 20 percent to INR 7.77 billion ($179.23 million.) Operating profits rose 101 percent to $500.98 million ($11.55 million) for the quarter. For the full fiscal year 2007-08, Gitanjali net profits rose 69 percent to INR 1.38 billion ($31.84 million.)

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